Hedge funds make big returns by manipulating markets in ways that are illegal for small investors. Remind us: Why are they permitted?
David Dayen
David Dayen is the executive editor of The American Prospect. He is the author of Monopolized: Life in the Age of Corporate Power and Chain of Title: How Three Ordinary Americans Uncovered Wall Street’s Great Foreclosure Fraud. He co-hosts the podcast Organized Money with Matt Stoller.
He can be reached on Signal at ddayen.90.
Posted inAmerica and the World
The Job-Killing Trade Deal You’ve Never Heard Of: The China Bilateral Investment Treaty
In behind-the-scenes negotiations with China, the Obama administration is pushing a trade compact that could export jobs overseas and erode worker protections. Why?
Posted inEconomic Policy
Hedge Fund Creditors’ Deal With Argentina Sets Alarming Precedent
In a deal struck Sunday, hedge funds led by billionaire investor Paul Singer have managed to squeeze billions out of a struggling economy.
Posted inMoney, Politics, and Power
For Trade Deal, Bad News Keeps Mounting
Election-year jitters and bad economic signs cloud outlook on Capitol Hill for Trans-Pacific Partnership trade pact.
Posted inEconomic Policy
Creditors Cry Foul as Puerto Rico’s Default Is Smaller than Expected
The pain caused by Puerto Rico’s financial crisis is very real, despite what investors may think.
Posted inEconomic Policy
How Congress Scuttled a Plan to Save Puerto Rico From Default
The GOP really is telling Puerto Rico to drop dead.
Posted inEconomic Policy
How Hedge Funds Are Pillaging Puerto Rico
Vulture investors have descended on the commonwealth, taking advantage of a debt crisis that has impoverished citizens and created massive unemployment.
Posted inLaw and Justice
Bring Back Antitrust
Despite low inflation and some bargain prices, economic concentration and novel abuses of market power are pervasive in today’s economy—harming consumers, workers, and innovators. We need a new antitrust for a new predatory era.
Posted inEconomic Policy
The Battle of the Budget Isn’t Over
Right-wing Republicans can still pursue their goals through riders on appropriations bills—and, if they don’t get their way, shut down the government.
Posted inEconomic Policy
Paul Theroux and the Poverty Behind the Numbers
A recent op-ed from the author of Deep South sparked a debate about globalization and American poverty.